Property Overview: 544 Smithfield Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot in Jefferson presents a straightforward, no-frills opportunity. Its key characteristic is its modest scale, with a living area of 792 sqft that is smaller than average for both the neighbourhood and the city. The home benefits from a renovated basement and a detached garage. Built in 1949, it is notably newer than many other homes on its street, which can be an advantage for systems and structure.
The appeal lies in its position as an affordable entry point into the Winnipeg market. With an assessed value significantly below the citywide average, it represents a lower barrier to entry. Its rankings show it is a very typical, middle-of-the-road property for its immediate area—neither a standout nor an outlier. This can offer stability and predictability. The renovated basement adds functional living space, which is a crucial upgrade for a home of this size.
This property would best suit first-time buyers, downsizers, or practical investors seeking a manageable footprint without major renovation projects. It’s for someone who values a classic neighbourhood setting over modern square footage, and who sees potential in optimizing a compact, updated space rather than pursuing a large-scale restoration or new build.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value is a key municipal metric for taxes, market conditions ultimately determine sale price. This home’s assessed value is consistent with others on the street, suggesting it is priced in line with its immediate peers, but final sale price will depend on demand, condition, and comparable recent sales.
2. How does the smaller living area impact livability?
At 792 sqft, the main floor living space is compact. The renovated basement effectively doubles the usable area, making the overall footprint practical. This layout suits efficient living but may feel cramped for those accustomed to larger, open-concept homes.
3. The home is noted as newer than others on the street. What are the implications?
Being built in 1949, it is younger than the street average (1945). This can mean relatively newer foundational materials, wiring, and plumbing compared to neighbouring houses, potentially reducing the immediate need for major updates common in century-old homes.
4. What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or additional storage without impacting the home's layout. It may also present future potential (subject to zoning) for conversion or redevelopment on the lot.
5. Where can I find the exact historical sold prices for this property?
Exact sold prices are not publicly displayed in detail here. The provided range for the 2016 sale is based on public data. You can request the precise historical sale figures via email from the site, which provides them manually as a service without marketing spam.